Bitcoin bear market phase / October-November
Hi, i always post a TA When i see a Big bear movement, see my previous post ^^
The situation is unclear, Moving side to side showing bullish or bearish momentum; For the last weeks we can see that clearly the volume has decreased, therefore a big corrective or bullish wave is incoming. For the last days the bulls tried to break the triangle formed HrHesistances in the 10800 level which had been rejected three time
SP500 Shows signs of bearish momentum too, and a big corrective wave incoming with election days inestability; coronavirus economical damage to the world.
Short Entry signal:
10650-10800 (Stop loss, very very tight/10860)
Target1: 9200
Target2: 8800
Target3: 8500 ( the 8800~8500 zone is the critical support for bitcoin to mantain a new refreshed bull wave formation)
Have fun :D
The situation is unclear, Moving side to side showing bullish or bearish momentum; For the last weeks we can see that clearly the volume has decreased, therefore a big corrective or bullish wave is incoming. For the last days the bulls tried to break the triangle formed HrHesistances in the 10800 level which had been rejected three time
SP500 Shows signs of bearish momentum too, and a big corrective wave incoming with election days inestability; coronavirus economical damage to the world.
Short Entry signal:
10650-10800 (Stop loss, very very tight/10860)
Target1: 9200
Target2: 8800
Target3: 8500 ( the 8800~8500 zone is the critical support for bitcoin to mantain a new refreshed bull wave formation)
Have fun :D
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